As demand for their services heats up, architects throughout Australia are bringing home higher salary increases in percentage terms compared with their peers across any other industry, a new study says.
Releasing an analysis of salaries advertised on its site throughout the financial year ended June 2015 as against those advertised during the previous financial year, Seek Learning said overall Australian wages and salaries remained flat amid subdued economic conditions even as 2.2 per cent inflation partially eroded the purchasing power of take home pay.
But the architecture and design profession stood out as the top performer, with average annual advertised salary increases for architects and designers of five per cent outstripping those of the next best performing sectors of education and training, banking and financial services, real estate and property, and sport and recreation.
Within the architecture profession, those in urban planning and design came out best with eight per cent rises, while those involved in interior design, industrial design, web and interaction design, illustration and animation and architectural drafting also took home healthy increases in pay.
Moreover, there is no sign of demand slowing down. Compared with the previous corresponding periods in 2014, job advertisements across the architecture and design sector were up by 22 per cent year-on-year in October and by 23 per cent year on year over the three month period spanning August to October, Seek said.
That said, with average salaries of around $75,422, architects throughout Australia take home slightly less than the average Australian full time earner ($80,371 according to ABS average weekly earnings figures).
This means that while architecture salaries are rising, architects overall are not excessively highly paid relative to the overall workforce.
Around Australia, demand for architectural services is on the rise amid growing levels of work associated with significant dollar value commercial and multi-residential projects, especially on the eastern seaboard.
Although forward indicators for most of the commercial sector remain subdued, forecasters such as Australian Construction Industry Forum expect apartment building design and construction to remain at high levels for the foreseeable future.
The report comes amid increasing signs of a shortage of skilled candidates within the market for suitably qualified architects.
In a recent report, recruitment outfit Hays said shortages existed across a range of areas, including mid-level architects, Revit architects and technicians, Revit documenters, Revit interior designers, project architects, design managers, associate level candidates, statutory planners, transport planners, urban designers and landscape architects.